Menu

Gemstone Equity Research & Advisory Services

Blog posts : "niftyoutlook"

Outlook For Wednesday: NIFTY Stays In The Broad Consolidation Range; Approach The Markets Through These Stocks

In a market behavior that turned out contrary to expectations, the Indian equities outperformed the Asian and other markets end staged some smart pullback to stay within the broad range. The markets saw a bit shaky opening on the expected lines following extremely weak overnight global cues. However…

Read more

Tuesday Trade Setup: NIFTY Stays Within The Broad Range; More Likelihood Of Testing These Levels

After consolidating for six days in a row, the markets finally took a turn for the worse as it declined following a corrective move. The markets saw a quiet start to the day and traded in a limited range in the early minutes of the trade. The NIFTY also marked its day’s high point in the opening min…

Read more

Monday Trade Setup: NIFTY Likely To See A Soft Start; Will Get Vulnerable Near This Zone

It was a yet another day of consolidation for the Indian equity markets as the markets ended with modest gains but made no major headway in any direction. The NIFTY opened on a positive note and the levels that it marked in the early minutes of the trade became the high point of the day. The index d…

Read more

Is "Risk-On" Environment Coming To An End? These Charts Answer This Question

The first quarter of this CY 2020 was quite a disaster for the equity markets. The month of February saw the onset of the Coronavirus pandemic and the spread of COVID-19 virus saw the equity markets world over witnessing a vertical crash everywhere in the range of 35% to 45% across the globe. The US…

Read more

Week Ahead: NIFTY To Have Difficult Time Moving Past This Zone; RRG Chart Paints A Tricky Picture

While trading on expected lines, the Indian equity markets did not make any major directional move and consolidated in a defined range. The NIFTY did not move past the previous week’s high point and consolidated while resisting to that level. The trading range also remained narrower than what it was…

Read more

Friday Trade Setup: Sustainable Up Move Only Above This Level; Keep Leveraged Exposures In Check

The markets on Thursday witnessed a move that remained within a limited range and ended the day with a modest loss. The session was dominated with weekly options expiry as well. The NIFTY opened negative, stayed negative throughout the day. It, however, stayed in a defined range and saw itself oscil…

Read more

Thursday Trade Setup: These Levels Will Broadly Influence NIFTY's Moves In The Next Session

In a wide-ranging trading day, the markets resisted precisely near the expected levels and ended the day with modest gains after wild swings on the either side. The NIFTY saw a better-than-expected opening once again. As it grew stronger in the first half it went on to test the crucial resistance zo…

Read more

Outlook For Wednesday: NIFTY Placed In A Tricky Zone; Sticking To These Stocks Would Be Prudent

It was a day of a precarious trade for the markets as it witnessed a shaky opening but ended the day on a mildly positive note. The overnight global cues were weak, and this led to a weak opening of the Indian markets. However, after opening on a negative note, the markets soon crawled in the positi…

Read more

Tuesday Trade Setup: NIFTY Still Within The Broad Consolidation Range; These Sectors To Stay Resilient

The market behavior turned out quite contrary to expectations as the markets opened higher and ended on a positive note. Against all expectations, the markets saw a modestly gap up opening. Following a positive start, the NIFTY got a bit stronger though it kept itself in a defined range. The index k…

Read more

Monday Trade Setup: NIFTY To See A Quiet Start; Moves Likely To Stay Ranged With Limited Upsides

In the previous technical note, we had mentioned that some technical pullback may occur as the Index had witnessed an unreasonably near-vertical decline. While continuing to trade precisely on the expected lines, the Indian equities threw some technical pullback to end the day with gains. The market…

Read more

Week Ahead: NIFTY To Stay Largely Rangebound; RRG Charts Show No Improvement In this Group

The market action in this week fared precisely on the anticipated lines. In the previous weekly outlook, we had mentioned the markets being firmly placed but at the same time, staying overstretched on the short-term charts. It was also mentioned in the previous note that any up moves will face stiff…

Read more

Friday Trade Setup: A Likely Intermediate Top For NIFTY At This Level; Avoid These Stocks

On the weekly options expiry day, the markets behaved exactly on the anticipated lines and ended the day with a deep cut. In the previous technical note, it was mentioned that in all probability, the level of 12000 has become an intermediate top for the markets. Unless the markets move past that, th…

Read more

Thursday Trade Setup: NIFTY Near Key Resistance Point Again; These Signs Say Moves May Prove Deceptive

What seemed to be a day of correction, turned out to be a day of smart recovery as the markets recovered from the low point of the day to end with modest gains. On expected lines, the NIFTY saw a negative start to the day. After the markets opened negative, the index stayed in a sideways trajectory …

Read more

Outlook For Wednesday: While NIFTY Consolidates, This Zone Represent Resistance Area For The Near Term

Following a very volatile first day of the week, Tuesday’s session was quite an antidot to the previous session. The Indian equity markets consolidated amid a limited and ranged movements while resisting to key levels and ended the day on a flat note. NIFTY opened on a mildly negative note but soon …

Read more

Tuesday Trade Setup: NIFTY To Find Resistance At This Point Going Ahead; Approach Future Moves Like This

The Indian equity markets experienced a lot of volatility as it stepped in the new week. It was also impacted by the external factors that impacted the trading environment and the sentiment as well. Mumbai experienced a nearly city-wide electricity failure that even impacted the NSE in the second ha…

Read more

Monday Trade Setup: NIFTY Placed At Crucial Levels; Chase Momentum Carefully

The Indian equity markets posted the seventh day of straight gains as it went to end the last trading day of the week on a higher note. After opening on a quiet note, the NIFTY slipped in the negative territory in the first hour of the trade for a brief time. The Index soon crawled back inside the p…

Read more

Week Ahead: NIFTY At Crucial Resistance Zone; RRG Chart Suggests Staying Highly Sector-Specific

The week that went by remained firmly on the expected lines. In the previous weekly note, we had mentioned that the markets may push themselves higher amid increased volatility. The NIFTY indeed closed higher following a strong move and the volatility also spiked. The financial stocks were expected …

Read more

Friday Trade Setup: NIFTY Shows Fatigue At Current Levels; This May Act As A Disruption Of Trend

On the day of weekly options expiry, the markets played out much on the expected lines. In the previous technical note, we had mentioned that the markets may continue to inch higher, but at the same time, may also face some selling pressure at higher levels. The session saw the NIFTY opening with a …

Read more

Thursday Trade Setup: Weekly Options Expiry To Dominate NIFTY; Some Fatigue Seen Because Of This

The breakout that happened above the 11400-11430 zone continued well as the markets kept piling on gains amidst a firm risk-on setup. Following stable start to the Asian trade, the Indian equities saw a quiet opening. However, after spending initial minutes in the negative zone and marking the low p…

Read more

Outlook For Wednesday: NIFTY Overstretched But May Still Attempt Up-moves; Guard Profits Vigilantly

The markets staged yet another strong up move as it opened higher, got stronger as the day progressed and ended while piling up decent gains. Following overnight weakness in the US Dollar and continued risk-on setup, the markets saw a gap up opening in the morning. Bulk of the session, until late af…

Read more

20 blog posts

Previous Editions